Month-over-month, Bowdoin North-Mount Bowdoin’s rolling three-month data shows prices firming while activity eases. The typical home value is about $776,000, up nearly 15% from the prior three-month period, and the median list price has also climbed. At the same time, active listings have dipped and homes sold and pending sales are both down sharply, pointing to fewer transactions moving through the pipeline.
Looking at the past year for context, values in the neighborhood are up strongly, with the typical home value rising more than 18% year over year. New listings and pending sales, however, are down compared with a year ago, suggesting fewer owners are putting homes on the market and fewer deals are being written. Compared with the broader Boston market, local prices are a bit lower but have grown faster over the past year.
Conditions are somewhat mixed on the supply and speed fronts. Months of supply has recently expanded to about 6.3 months, higher than Boston overall, even as the market is still categorized as a seller’s market. Homes are spending a median of 24 days on the market in the latest three-month window, a sharp drop from earlier this year, and about half of recent sales closed above list price with an average sale-to-list ratio just over 100%. Buyers and sellers who want to navigate these shifting dynamics can lean on Agent Pronto to connect with a local agent who understands this neighborhood’s trends.
